Settings8H · net · $10k
Funding arb · Price arb /

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.2674%/8h= −292.8% APRpaid last 24h −0.390%
Price spread now: Variational Omni against Kraken Futures−0.623%7-day average −0.263% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−1.295%−$130 on $10k
Price spread, last 3 days (all we have)+0.558%+$56 · spread now −0.623%, 7d avg −0.263%
Together, before fees−0.737%+ Points / potential airdropVariational Omni: Active · farm board−$74 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$80 a day on $10k at the current rate, and Variational Omni is 0.360% cheaper against Kraken Futures than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.263%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ZENUSD7.82530.2634pay 0.0329% / 1h45m 42s$512K$1.1M25x
ShortVariational Omni ZEN7.7765−0.0040pay 0.0040% / 8h45m 42s$52K$85K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$561.49
Price spread: −0.623% → −0.263%
−$35.99
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$607.49
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Variational Omni: RFQ quote, 33 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago26.84 bp48.6 bp −$49179.0 bp −$1,790doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 33 min ago5.96 bpdoesn't fit156.6 bp −$1,566doesn't fitdoesn't fit

ZEN on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZENshort−0.0040%8h7.7765−0.623%$52K$85K
OKX ZEN-USDT-SWAP−0.0006%4h7.7760−0.630%$2.3M$5.9M50xas long as short
KuCoin ZENUSDTM−0.0004%8h7.7900−0.451%$4.3M$4.9M50xas long as short
dYdX ZEN-USD0.0000%1h7.7965−0.368%$9K5xas long as short
Extended ZEN-USD+0.0048%1h7.7882−0.474%$26K$118K5xas long as short
MEXC ZEN_USDT+0.0050%8h7.7890−0.463%$12.5M$5.4M200xas long as short
Binance ZENUSDT+0.0053%8h7.7897−0.454%$11.3M$31.6M75xas long as short
Bybit ZENUSDT+0.0074%8h7.7810−0.566%$4.7M$6.3M75xas long as short
BingX ZEN-USDT+0.0089%8h7.7850−0.515%$3.4Mas long as short
Bitget ZENUSDT+0.0093%8h7.7830−0.540%$2.9M$3.5M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZENUSDT+0.0100%8h7.7966−0.366%$53K$375K10xas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.8020−0.297%$582K$1.7M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7860−0.502%$27K$683K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7980−0.348%$2K$1.4M20xas long as short
BloFin ZEN-USDT+0.0170%8h7.7870−0.489%$839K$1.8M75xas long as short
Hyperliquid ZEN+0.0314%1h7.8085−0.214%$2.5M$1.8M5xas long as short
Kraken Futures PF_ZENUSDlong+0.2634%1h7.8253long leg$512K$1.1M25x